Trupanion, Inc. (TRUP) Financial Statements
Industry: Hospital & Medical Service Plans
In fiscal 2025, Trupanion reported revenue of $1.44B, up 11.9% from $1.29B the year before. Net income was $19.4M (a 1.4% net margin), or $0.45 per diluted share. Gross margin was 16.1% and operating margin was 1.0%. Operating activities generated $89.5M of cash, leaving $75.4M of free cash flow. At fiscal year end, Trupanion held $915.0M in total assets against $531.1M in total liabilities, including $138.0M of cash and equivalents.
Open the full interactive Trupanion financials → Quarterly statements, key ratios, valuation history and price charts.
Trupanion Key Stats
| Share Price | $26.57 |
|---|---|
| Market Cap | $1.16B |
| P/E Ratio | 59.0 |
| Revenue YoY Growth | +11.9% |
| 52-Week Range | $21.46 – $44.02 |
| Shares Outstanding | 43.7 million (basic, 2026 Q2) |
Trupanion Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $502.0M | $699.0M | $905.2M | $1.11B | $1.29B | $1.44B |
| Gross Profit | $81.9M | $104.3M | $122.2M | $131.0M | $178.8M | $231.0M |
| Operating Income | -$4.9M | -$35.2M | -$43.0M | -$40.7M | -$9.5M | $13.8M |
| Pre-Tax Income | -$5.7M | -$35.2M | -$44.2M | -$45.0M | -$9.6M | $22.0M |
| Income Tax | $113,000 | $310,000 | $476,000 | -$342,000 | -$5,000 | $2.6M |
| Net Income | -$5.8M | -$35.5M | -$44.7M | -$44.7M | -$9.6M | $19.4M |
| Diluted EPS | -$0.09 | -$0.89 | -$1.10 | -$1.08 | -$0.23 | $0.45 |
Trupanion Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $366.9M | $376.9M | $384.0M | $392.9M |
| Net Income | $5.9M | $5.6M | $4.9M | $6.8M |
| Diluted EPS | $0.13 | $0.13 | $0.11 | $0.16 |
Trupanion Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $139.9M | $87.4M | $65.6M | $147.5M | $160.3M | $138.0M |
| Current Assets | $337.0M | $391.0M | $469.1M | $562.1M | $597.3M | $691.1M |
| Total Assets | $498.2M | $562.6M | $671.6M | $782.9M | $806.9M | $915.0M |
| Current Liabilities | $150.4M | $223.7M | $289.6M | $344.5M | $349.6M | $409.8M |
| Total Long-Term Debt | — | — | $68.4M | $127.6M | $127.5M | $101.8M |
| Total Liabilities | $158.3M | $230.4M | $366.3M | $479.2M | $483.6M | $531.1M |
| Shareholders' Equity | $339.9M | $332.2M | $305.3M | $303.7M | $323.3M | $383.9M |
Trupanion Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $21.5M | $7.5M | -$8.0M | $18.6M | $48.3M | $89.5M |
| Cash From Investing | -$76.7M | -$51.9M | -$67.5M | $7.6M | -$13.5M | -$95.9M |
| Cash From Financing | $170.8M | -$1.1M | $60.7M | $59.1M | -$4.0M | -$22.9M |
| Free Cash Flow | $14.1M | -$4.9M | -$25.1M | $358,000 | $38.6M | $75.4M |
Figures from Trupanion's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Trupanion financials page for every line item.
Trupanion Company Profile
| Ticker | TRUP |
|---|---|
| Exchange | Nasdaq |
| Industry | Hospital & Medical Service Plans |
| Headquarters | Seattle, Washington |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001371285 |
Frequently Asked Questions
What was Trupanion's revenue in fiscal 2025?
Trupanion (TRUP) reported revenue of $1.44B for fiscal 2025.
What is Trupanion's annual revenue history?
Trupanion's annual revenue by fiscal year: 2020: $502.0M; 2021: $699.0M; 2022: $905.2M; 2023: $1.11B; 2024: $1.29B; 2025: $1.44B.
What was Trupanion's net income in fiscal 2025?
Trupanion reported net income of $19.4M for fiscal 2025.
What was Trupanion's earnings per share (EPS) in fiscal 2025?
Trupanion's diluted EPS was $0.45 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Trupanion generate in fiscal 2025?
Trupanion generated $75.4M of free cash flow in fiscal 2025.
What was Trupanion's revenue last quarter?
In its most recent reported quarter (2026 Q2), Trupanion reported revenue of $392.9M.
How much debt does Trupanion have?
Trupanion reported $101.8M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Trupanion are outstanding?
Trupanion reported a weighted average of 43.7 million basic shares outstanding in 2026 Q2.
What is Trupanion's market cap?
Based on its latest closing price, Trupanion (TRUP) has a market capitalization of about $1.16B.
When does Trupanion's fiscal year end?
Trupanion's fiscal year end, as registered with the SEC, is December 31.
Where is Trupanion headquartered?
Trupanion lists its business address in Seattle, Washington in its SEC filings.